Empire strikes back: Russia, India and China abandon the dollar

The US President Donald trump.

Империи наносят ответный удар: Россия, Индия и Китай отказались от доллара
© 2018 AFP / Nicholas Kamm

MOSCOW, Nov 8 — Alexander Forest. Deputy Prime Minister Yuri Borisov said that India will pay for the supply of missile systems s-400 “Triumph” rubles. Not far behind and China: according to the head of VNESHECONOMBANK Igor Shuvalov, the agreement on mutual settlements in national currencies can be signed before the end of this year. What benefits will Russia get from de-dollarization of foreign trade and who else is ready to join the payments in national currencies — in the material

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A contract to supply India systems s-400 signed on 5 October this year during the visit of Vladimir Putin in new Delhi. Experts have estimated it at five billion dollars. At the rate the Bank of Russia is 331 billion rubles.

The biggest and apparent benefit for both countries to trade in national currencies is the lack of major fluctuations in the recalculation.

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